Hong Yuan Holding Group (HGYN)

[badslinke]

I could be wrong here, but I see no reason why a creditor wouldn't have legal access to the books of a company they gave a loan to.

Maybe I'm wrong. I kinda hope I'm wrong. If I'm not, then Horizon has all the access they need to CERP's inner workings and knows for sure CERP has fired everybody, the plant is shut down, and there is no "discernible operating capital".

The only remote chances CERP has out of this mess, as I see it, are 2 fold:

1.) A combination of the R/S and subsequent dilution with the MammaCangura contract is enough to sway the judge that there at least WILL BE operating capital in the near future, even though there is none now.

2.) Horizon wins and CERP disappears as we know it, either completely, or taken over by another set of management.

IMHO, the chances of CERP getting new financing is dismally small. A significant feature of bankruptcy is the ruin of one's credit standing. They'd have to find a super risk taking creditor, and any creditor like that is bound to trap them in something similar to or worse than what Magna, Horizon, Ironridge et al had offered.

The knife is about 2 milimeters from CERP's throat right now. This is better than soap operas!